Senator Cynthia Lummis informed the 2025 Bitcoin Convention in Las Vegas on Could 27 that a number of US army generals endorse constructing a Bitcoin (BTC) reserve to bolster the nation’s financial deterrence.
Lummis said she discussed digital reserves with unnamed senior officers who “perceive that financial energy is as vital as army energy in addressing aggressors world wide.”
Per her speech, the officers “are large supporters of getting a strategic Bitcoin reserve.”
Bitcoin reserve invoice
Lummis and 5 different Republican senators reintroduced laws to add up to 1 million BTC to the US Treasury over five years on March 11.
The transfer adopted President Donald Trump’s signing of an executive order to ascertain a strategic Bitcoin reserve and a digital asset stockpile on March 7.
Lummis framed Bitcoin reserves as an extension of US power coverage and industrial capability. She credited China’s 2021 mining ban for driving the hash price to North America and cited Trump’s latest name to “make Bitcoin mining and America conjoined.”
She argued that pairing home mining with federal accumulation would give Washington a “geopolitical benefit.”
The Wyoming Republican drew a parallel with Fort Knox, noting that the US holds roughly 5% of the worldwide gold provide and may goal the identical share of Bitcoin.
Sovereign and state-level demand
Lummis highlighted state-level momentum relating to Bitcoin reserves, utilizing them for instance to comply with for the federal authorities.
Arizona and New Hampshire enacted strategic reserve laws this 12 months, and lawmakers in 30 further states debated related payments. Though many states have given up on plans to undertake Bitcoin for now, roughly 11 states are nonetheless debating laws, with Texas being the farthest alongside.
She described the states as “incubators of innovation” and predicted their actions would stress Congress and the Treasury Division to comply with.
Moreover, Lummis mentioned world demand helps the case for federal reserves. She pointed to the UAE, the place the Abu Dhabi sovereign wealth fund, Mubadala, just lately ramped up its exposure to Bitcoin by means of US-based exchange-traded funds.
The senator additionally highlighted the Czech Nationwide Financial institution studying Bitcoin for its portfolio. She mentioned:
“That’s good for America as a result of they’re going to construct their sovereign wealth in Bitcoin by means of an American ETF.”
Lummis urged federal officers to deal with Bitcoin as “digital gold” somewhat than a speculative instrument and to formalize reserve pointers earlier than different nations lock up bigger shares of the mounted 21 million-coin provide.
The senator closed by asserting that energy-intensive proof-of-work mining and a strategic reserve would reinforce US management in each financial and industrial domains. She added that state initiatives have now outlined a transparent path that the federal authorities can undertake and scale.
